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Construction of Innovation Risk Compensation System for Small and Medium-sized Enterprises

In: Economic Management and Big Data Application Proceedings of the 3rd International Conference

Author

Listed:
  • Xiuhua Zhang
  • Zaixiang Gong
  • Qianqian Li
  • Ziyun Huang

Abstract

The establishment and improvement of an innovation risk compensation mechanism for small and medium-sized enterprises to effectively promote the development of innovation and entrepreneurship have become the focus of China’s “Mass Entrepreneurship, Mass Innovation” strategy implementation. This paper aims to improve communication between the government, insurance companies, small and medium-sized businesses, financial institutions, and intermediaries to finance subsidies, insurance, and loans, among other things. It uses the supply chain to realize the coordinated compensation for the innovation activities of small and medium-sized enterprises. At the same time, combined with the advantages of big data, a small and medium-sized enterprise innovation risk compensation system is constructed to compensate the small and medium-sized enterprises’ scientific and technological innovation development and risk losses.

Suggested Citation

  • Xiuhua Zhang & Zaixiang Gong & Qianqian Li & Ziyun Huang, 2024. "Construction of Innovation Risk Compensation System for Small and Medium-sized Enterprises," World Scientific Book Chapters, in: Sikandar Ali Qalati (ed.), Economic Management and Big Data Application Proceedings of the 3rd International Conference, chapter 26, pages 292-302, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811270277_0026
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    More about this item

    Keywords

    Big Data; Information Management; Economic; Data Applications; Blockchain; E-commerce;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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